“50% Dollar devaluation coming between Xmas and New Year!”

Per a snippet from “Harvey Organs Gold Blog.” [link to harveyorgan.blogspot.com] Harvey reportedly received a communiqué from Dr. Jim Willie @ the Hat Trick Letter, [link to www.goldenjackass.com] on 08/23/10 that a highly reliable source from the gold banking and international consulting world has tipped off Dr. Willie that "The US Govt. will devalue the US$ by 50% overnight in the not too distant future. They need 11 days to do this. If they push it, they can do it in 6 days. So look for a long holiday weekend as an opportunity. The best time to do this is the Christmas / New Year time window. He [the reliable source] sees a sudden massive USDollar devaluation with grand shock waves from vengeful reaction” [Full report presented below]

From Harvey Organ:

“There are a few developments I would like to share with you. Two years ago in August 2008, we received news from Jim Willie that there was going to be 3 major failures and they would have a disastrous effect on the USA economy. We reported this to you.

Yesterday, we got the following from the same source and I feel that I should pass this onto you:”

Subject: From Jim Willie

“A highly reliable sage source from the gold banking world and international consulting is loaded with deep insight, vast experience, solid connections, ongoing relationships, privileged insider information, and diverse industries tied to banking. He tipped the Jackass off in early August 2008 as to the weekend of September 15th being one to mark in history as three great failures would occur. He gave one month advanced notice of a locus of failure in three places, with great urgency. My guesses of Lehman Brothers and Fannie Mae were correct, but a blank came on the third which turned out to be AIG. He has frequently shared a viewpoint on the inevitable USTreasury default in the coming years. He first enlightened me as to the USFed resignation pathway to default, after it was loaded to the gills in toxic irredeemable impaired assets that no banks wanted. As buyers of last resort, the USFed would choke to death. Rather than a citation of path to default, he shared a great risk of a major event. He said, "The USGovt will devaluate the US$ by 50% overnight in the not too distant future. They need 11 days to do this. If they push it, they can do it in 6 days. So look for a long holiday weekend as an opportunity. The best time to do this is the Christmas / New Year time window. They tried to do it in 2005/2006, but the Chinese put a gun to their heads in Washington and they backed down. You can slice and dice it as you like, but the USDollar is dead and so is the Euro. The systemic change will be a cataclysmic and traumatic event for the West, since all it stands for will go into the toilet in a blink of an eye. The period immediately following the collapse will be filled with violence and total breakdown of law & order. Keep an eye on Greece. It is the guinea pig and incubator for what is coming to Western societies." He went on to mention some positive regenerative power left in the US people to reclaim their country and to restore its legal framework. Soberly, he warned it will be ugly, but loaded with great opportunity. So he sees a sudden massive USDollar devaluation with grand shock waves from vengeful reaction.”

A 50% devaluation of the dollar will automatically force residential and commercial properties 50%+ higher along with taxes, food, energy, insurance and tuition costs. A 50% devaluation of the dollar would temporarily solve the Banking and State systems insolvency. The cost of goods and services would rise by 50%+ providing the State governments with additional sales tax revenues to service their debts, residential and commercial properties will also rise 50%+ shoring up the banking systems assets to create solvency…. The FED has not been able to generate positive “inflation” where it is needed or stimulate the creation of new jobs, thus the FED and US Treasury are now forced to inflate the general price index of the entire economy via dollar devaluation to save the banks, the states and the biggest debtors …. Big Bens Keynesian helicopter drops and Fed policy mandates have failed in toto…

ONE BIG PROBLEM …. UNEMPLOYMENT and WAGES! A wage earner earning $20 per hour would now (post devaluation) possess the purchasing power of a $10 per hour earner. If the $20 per hour wage earner could purchase 10 lbs. of sugar prior to the devaluation with $20, post the devaluation said wage earner could only purchase 5 lbs. of sugar with his $20 … the wage earner has lost the purchasing power of 5 lbs. of sugar per hour. Where did the 5 lbs. of sugar per hour go? A 50% dollar devaluation acts as a massive tax on the entire economy to bailout the “To Big To Fails,” namely the Federal and State governments, the banking system and residential/commercial properties which act as the underlying asset class for U.S. Treasuries and the manufacture of fiat money, at the expense of labor and wage earners …. It acts as a massive transfer of wealth from one class to another by suppressing wages through price inflation! A $20 per hour wage earner would require a $10 per hour increase in wages to maintain his purchasing power post a 50% dollar devaluation … with BLS UU6 unemployment officially around 18% and rising, and John Williams Shadow Stats unemployment over 22%, the now employed that have jobs, have lost all bargaining power to increase wages or maintain their standard of living. Wages will be paid on a take it or leave it contract basis, as unemployment grows!This of course will create great social unrest as already strapped wage earners fall further behind as their purchasing power diminishes further into the abyss …. The onset of devaluation will immediately create even more unemployment pressures until the economy stabilizes at the higher general price level. By this means, a 50% dollar devaluation would effectively institute in America competitive global wages and a 50% lower standard of living… this is not the first time such “devaluation methods” have been installed and used in the American economy:

“In addition to the two extended interruptions in U.S. adherence to a gold standard , temporary suspension of a few weeks to a year's duration occurred in 1837, 1839, 1857, 1893, 1907, 1917-19, and 1933. In all cases but the latter two, the years in question climaxed periods of economic expansion in the United States, fostered by external as well as internal factors. The pace of the expansions raised U.S. prices and incomes above those prevailing in the rest of the gold standard world. To bring the U.S. price and nominal income structure into alignment with that of its trading partners entailed reductions in the U.S. money stock, usually resulting from a decline in U.S. gold reserves and in capital imports from abroad. Prices, output, and employment subsequently declined, accompanied by bankruptcies of firms and bank failures. Suspension of specie payments in the years under review was a means of mitigating the costs of deflationary adjustment that maintaining par values of the exchange rate imposed. The devaluation implicit in suspension gave the economy a breathing spell. With recovery, the former par value of the exchange rate was restored.” Congressional Record: Gold Commission Report (1982), pg. 99 see link @ [link to www.goldensextant.com]

My advice is not to listen to Jim Willie. Those who did on Silicon Investor's QCOM board during the .dot com days regret it considerbly.

Quoting: Lily

Jim Willie has been "right on" for some time now .. investing is a personal decision that reflects possibilities of future outcomes ... even the very "best" sometimes get it wrong ....

I see no other less painful means of globally "[re]balancing the books" other than a massive dollar devaluation! This occurs about every 83.5 years or less due to compound interest attached to the currency ....

Money is debt there is no such thing as money anymore...It is a figment of your imagination...

Consumers use their current income which is composed mostly of previously created out of thin air debt with compound interest attached by a commercial bank at the request of consumers to service the creation of newly created out of thin air debt with compound interest attached (Which is what future consumer income is mostly composed of) by commercial banks at the request of the consumer or consumers...

In simple terms current consumer income is previously created out of thin air debt with compound interest and future consumer income is newly created out of thin air debt with compound interest attached...

Business is the same...operating expenses are mostly previously created out of thin air debt with compound interest attached and profits are mostly newly created debt with compound interest attached...

A debt backed by debt fractional reserve system is supported by the perpetual inflation of new debt in greater amounts than previously created debt...

It is based on the leveraging of leverage...

A debt inflationary ponzi scheme...The entire US population rents their money supply from the commercial banks and ultimately the Federal Reserve...

Since Debt is money the total debt supply of the US currently stands at 52 Trillion...

In order to prevent a debt deflationary contraction of the debt, money supply debt inflation must be sustained in the required amounts to overpower the ever present debt deflationary forces...

This has been accomplished for the past 21 years by the methodical lowering of interest rates from 19% to less than 1%...Zero or as low as you can go is it...then it will be impossible to support the creation of the required amount of debt inflation to overpower debt deflation and the debt money supply will rapidly begin to vaporize...or the debt inflationary machine begins to work in reverse...

Equity such as real estate which is just a debt inflated asset will vaporize also...

The reason why the US dollar is collapsing is because in order for the US to maintain it´s economy which is based on the perpetual inflation of debt ponzi scheme since 1958, Debt is being created at a level which is so great that the world can not support it...You could think of debt as food...Food is being created faster than it can be consumed...

The number 1 Export of the US is consumer debt...

"We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank

I knew how the system worked 10 years ago...It took 8 years until I actually comprehended it...

Everything I have posted to this point is the 100% truth...You don´t have to believe it...

The difference between what others have said and what I´m saying now is that they don´t understand/comprehend Basic mechanics of the system...

Stages of Debt backed bt Debt fractional reserve banking...

1 Inflation of debt and the destruction of savings.

Once the maximum potential debt inflation is reached then...

2 Deflation of debt and the destruction of equity.

If debt inflation can not be restarted then a hyperdeflationary implosion of debt is the result which leads to...

3 Bankruptcy of the banks, Collapse of the economy and the consolidation of power.

The above is not taught in fractional reserved funded schools or other educational institutions...

I´m not trying to sell anything...You either comprehend it or you don´t...It took me 8 years...

In Germany the people at the top converted Marks into gold as fast as they got them and when the printing presses which were supporting the debt inflationary ponzi were shut off the bottom imploded, the middle class especially, and the top bought the bottom up for well below fire sale prices...

"A few who can understand the system (check money and credits) will either be so interested in it´s profits, or so dependent on it´s favors, that there will be no opposition from that class (THE TOP, Maybe YOU.), while on the other hand, the great body of the people (THE BOTTOM, Most likely YOU.) mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear it´s burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests." - Rothschild Brothers of London

In all economic systems the top sucks from the bottom...currently this is how the ponzi works...

The "top" requests a commercial bank to create debt out of thin air short term at wholesale prices...

Lets say $150,000 for a year at near prime 2.5%

The top then converts it into an asset or sells it outright after it has been marked up...

Lets say a House is constructed for $120,000 then marked up to $200,000 and a for sale sign put in front...

Now a member of the bottom sees the house, falls in love, and wants to buy it...So then the bottom requests a commercial bank to create debt out of thin air long term at retail prices...Lets say $180,000 for 30 years at 6%

The end result...

Bottom is making payments on a debt created out of nothing with compound interest attached of $180,000 for the next 30 years

At an average rate of 6% over 30 years the bottom owes the top $388,509

The Top in this example pay debt servicing costs and expenses and comes out with $50,000 profit and purchases a $50,000 luxury car which the Bottom is going to spend the next 30 years paying off

The Banking system initial profits, Interest from the top and down payment from the bottom is $40,000 which is just re-lent out and a monthly income stream from the bottom of $1079 per month for the next 30 years...

Total money (Debt) created out of thin air by commercial banks at the request of the consumer, first top then bottom, is $180,000

Total owed is $388,509

So then where does the $208,509 come from if it does not exist?

A consumer must request a commercial bank to create it out of thin air with compound interest attached for it to exist...

To maintain a functioning economy with a perpetually expanding debt supply in the required amounts to support the servicing of previously created debt then new debt must always be produced in greater amounts than previously created debt or the system implodes...

Debt inflation can not slow or stop or the system implodes...

The US has been in this debt inflationary ponzi scheme for 45 years and it is approaching the maximum potential where consumers have used the maximum amount of current income as a basis for the creation of the maximum amount of new debt or future income

So If the creation of new debt or future income slows then stops then when it becomes current income it will be less...

One of the reasons why 400,000 US workers per week for the last 52 have lost their jobs...the required amount of debt to be created to allow them to have a job ceased to exist...

Gold is just one option to store value but in a collapse of a debt inflationary system it to will eventually collapse as it is used a leverage to purchase formerly debt inflated assets at well below firesale prices...Due to the huge amounts of debt in existance in the global system just 1% of the debt running towards gold would cause it to rise in price in relation to deflating assets by massive magnitudes and could cause the authorities to ban it or confiscate it...

The implosion will wipe out the middle class...Maximum potential is where the rich become the richest and the poor become the poorest...the middle class is for the most part wiped out...

This is the way economics has functioned for 1000´s of years...

These are the simple steps you can take to survive...Reduce your cost of existance as low as you can...Purchase 365 cans of stew for every mouth you feel responsible for...Have an alternative source of Heat and light is also good...

The above is what 100´s of millions of people are not prepaired to do and will not do and will be blindsided...

At this point your plans should be simplistic you might have to run for your life at some point...All you are trying to accomplish at this stage is to accept the fact of the coming implosion and prepairing enough for it to buy enough time to think...100´s of millions won´t have time to think...

If you want to purchase land and construct bunkers with machine gun nests fine...But you want to keep a low profile...Because the top will not tolerate any threat from the bottom (Victims of the scheme)...All rights and due process will cease to exist...You either accept your fate or be eliminated from the equation...

Any resistance towards the top in the initial stages will be met with brutal savagery...

Did Sparticus win? Forget it...The Absolute capitalists have been constructing a police state for years...and are currently fast tracking the finishing touches...

I´ve looked at all angles...and there is no way to prevent the collapse...The very second you put your destiny in the hands of a debt backed by debt fractional reserve system Collapse in the only and ultimate outcome...This is a fact whether you think so or not or are aware of it or not...

Scare mongering? Then you are scared of the truth...A hapless victim of the Absolute capitalist installed Just think positive religion...

Fractional reserve system get weaker the longer they are in operation...until a door slamming shut will collapse them...

We have been rocketing towards the door slamming shut for the past 45 years...and it will slam shut at any time between now an late 2011...Then You will have a front row seat to witness a collapse of a global debt backed by debt fractional reserve system... this process has happened 100´s of times before but it has been 100´s of years since one this big has imploded...

Exposure of the truth will cause the system to implode and the implosion of system will expose the truth...

All the absolute capitalists are basicly trying to accomplish currently is to have a new lie/fantasy constructed and ready when the old lie/fantasy self destructs to maintain power...

The actual truth or reality of the basic function of the system has never been this widely understood by so many in all of recorded history...But maybe 1-2000 people on the planet outside of the absolute capitalist top even comprehend it enough have an idea what is going on...The Vast majority of corrupted responsible capitalists are 100% totally clueless and have no real ability to comprehend Evil or effectively fight it...

But the grim realities always overwhelm the Absolute capitalists in the end...They always self destruct because they are in contempt of the truth...Due to the construction of the Universe itself contempt of the truth always leads to self destruction or damnation...

There is no escape from the tyranny of truth...But Absolute capitalists always try when they employ reason over logic...Fantasy over reality...

At this point I see no miracle which is going to break the chain in the responsible creation absolute destruction cycle we have been traped in for 6000+ years especially if we are going to employ absolute self indulgent reason to find a solution to the problem which exists because of the employment of Absolute self indulgent reason to solve the problem which was caused by the employment of self indulgent reason to find a solution to the problem which was caused by the employment of self indulgent reason to find a solution to the problem which was caused by the employment of self indulgent reason to find a solution to the problem which was caused by the employment of self indulgent reason to find a solution to the problem which was caused by the employment of self indulgent reason to find a solution to the problem which was caused by the employment of self indulgent reason to find a solution to the problem which was caused by the employment of self indulgent reason to find a solution to the problem which was caused by the employment of self indulgent reason to find a solution to the problem...

The only way to break the chain is to employ Responsible altrustic logic and just submit to the Tyranny of truth which can not be escaped from...

If you employ Responsible altrustic logic at a personal level you can escape...All I´m trying to do is pass on forbidden knowledge while there is still time...when the Economy collapses the screen you are looking at will go blank and when and if it comes on again you will recieve newly constructed lies to replace the old self destructed ones to find comfort in...

It may take another 6000 years to break the chain and logic dictates that I should try to help break it and the only way that can happen is to inform all that I can with the limited resources I have...Just as the absolute capitalists will use their massive power and control to try and prevent the tyranny of truth from destroying them...

Acceptance of the tyranny of truth which is infinite and industructible is the only path to eternal salvation finding comfort in the tyranny of lies leads to eternal damnation...

It is quite a paradox...You can never escape salvation and if you try you will only find damnation...

Eternal damnation is only as long as you want it to be...You have no choice with salvation...Unless for some odd "reason" you find salvation to be evil and damnation righteous...

Only you can save you...If you want to...You have an eternity to accomplish that simple goal...

Hell It might take me another 6000 years just to quit smoking or staring at pornography...or any one of numerous self destructive actions which are imposed on me from birth by absolute capitalists...

I know how The system works in great detail that is about it...I have no special powers other than what the employment of Responsible altruistic logic to solve problems dictates...

Logic is infinitely more powerful than reason which has finite power unfortunately...

All I have seen as unexplained effects is that some times what I think I need based on Responsible altruistic logic I get...Thoughts crystalize into reality on a local basis...

There are numerous arguments which have been created to explain why or discount it but the truth is rich people get rich by making people poor...The top takes more than it gives...

Eventually the top has everything and the bottom has nothing...

Basically the system is the cause and when you open your eyes in the morning that is the effect...

Here´s more truth that there is no way to refute...

The poor pay the taxes...

Now the rich would have you believe they pay the most taxes but if the top sucks from the bottom where does the money come from to pay taxes in the first place?

Taxes imposed on the top only cause the top to take even more from the bottom to make up the difference...

Now you would be saying to yourself then should we then just tax the poor?

The answer is that we need a system based on Responsible altruistic logic...which they tried to do with the USA but there were flaws and loopholes in the Constitution which the absolute capitalists "capitalized" on, Although it took them 100 years to accomplish they succeeded...

Any attempt to impose responsible altruistic logic on the current system will cause it to implode...But because the system is a construct of absolute self indulgent reason it is doomed to self destruction because it is based on the perpetuation of lies and fantasy...The creation of wealth out of thin air...You can create what is understood as money out of thin air but you can´t create energy or food out of thin air...

The current system is based on flawed logic such as the just think positive inflation forever religion...

To just think positive employing self indulgent reason to determine what positive is dictates that truth is negative...In such a system truth is eliminated from the equation...It is to be avoided

So to answer your question as to why people have been saying the system was going to implode but hasn´t yet is because they employ self indulgent reason to arrive at their conclusions...or just think positive which eliminates truth or logic from the equation...

But as we get closer and closer to the inevitable implosion the grim realities become more and more apparent until the truth becomes blindingly self evident...

Remember the system is the cause and when you open your eyes in the morning that is the effect...

Did the Great Depression cause the system or did the system cause the Great Depression?

The absolute capitalists will provide a blizzard of scapegoats to cover their tracks...

Logic dictates that some sort of massive event is planned or will be staged or a recurring event that is hidden knowledge will be capitalized on...One of the reasons I found this place...

I know how absolute capitalists think but I have no idea what they have planned as cover to explain how a system that 99.999999% of the population believes can not ever collapse... does...violently

Coming out and saying oops we made a horrible mistake is not an option to people who believe you can do whatever you want as long as you don´t get caught...

The fractional reserve banking system is the key to their power and control...they will vaporize cities if they have to to protect their secret...In 12 years of primary education you never hear the term fractional reserve banking...that is no accident...if the general population were to actually comprehend it they would reject it or want it abolished...That can never be allowed...

Even University and College economics is based on flawed logic...

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” Money: Whence it came, where it went - 1975, p15 - John Kenneth Galbraith

"Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, and the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits." - Sir Josiah Stamp, (President of the Bank of England in the 1920´s, the second richest man in Britain)

Well reasoned, OP, and I think you explained well (it's hard not to ramble, isn't it, when there's so much involved...). I did watch Chris Martin's 20+ part series, and that explains it very well (fractional reserve banking, etc). It was after that I realized that everything we are being told is a lie to perpetuate this privileged estate. It was also when I started building a larder of food and water, because such a relentless machine simply must collapse of its own weight. Too many people are awake to this now....a "world war" simply isn't going to "cut it" as a way to perpetuate it, people actually need REASONS that make sense to make war acceptable. On that tone, look into the activities of Charles Bedeault (not 100% on the spelling) an industrialist between the two great wars, and his activities and what he knew about MAJOR US companies that were doing business with the Nazis in a HUGE way, allowing the build up that made war inevitable, so that they could cash in at home too. It is so potently disgusting, thinking of the MILLIONS AND MILLIONS AND MILLIONS of people who died so that these few can have the whole world as their playground. Honestly, do the research, I wouldn't want to say more, in case I get banned, but the info is out there and it just meshes with all that is going on and often discussed here on GLP. The monstrous truth is that what we believed to be our world and our civilization has been ruled from behind the scenes for centuries....it's pretty overwhelming at times, but it made me serious about growing food, stocking up supplies, making sure that I know how to "do" things like build a chicken coop, plant a garden, etc. I also learned a good deal about nutrition, what to keep in my emergency larder and what to discard, and to think ahead about having hand tools and written info, first aid kits and flashlights, etc, etc. And something to use for trading (be it silver, food, seeds, clothes, blankets). Fortunately for me and my friends, we live in an earthquake zone and people here take having preps on hand as a very practical matter, and most everyone I know personally has emergency supplies, first aid kits, water, shovels, blankets, etc, just in case "the big one" hits. And I consider that a good thing.

Oh, and I agree with all that you've said above. It never hurts to remind everyone how truly fleeting is the life we know and are used to. Look at Haiti, hell, look at New Orleans. There are many ways it could come, and we've talked about them all, nearly, on GLP - CME, major quake, asteroid, total collapse of civilization......Remember, everyone, a little bit of prep can go a damned long way in keeping you alive. People are resilient, they can survive a lot with a little foresight. Every can you store is a meal.

So enjoy this Christmas, everyone, and think "what would I do, if....?"